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Antony Antoniou Uncensored

Cyprus

Russian investors funding a construction boom in occupied Cyprus

Russian investors funding a construction boom in occupied Cyprus
Northern Cyprus: A Sanctions Haven Seeing a Construction Boom

The breakaway Turkish Republic of Northern Cyprus (TRNC) has seen rapid growth and development in recent years, particularly in the construction sector. A key driver of this has been an influx of foreign money, especially from Russian investors and expatriates seeking to escape sanctions and find favorable economic conditions.